1.03.02 - “[C]ancelling Kathleen Wynne’s cap-and-trade slush fund, saving an average family $285”
Shortly after his government assumed office in 2018, Ford scrapped the cap-and-trade system in Ontario, which he says dropped the price of gas by 4.3 cents per litre. But the move prompted the federal government to impose a carbon tax on the province almost immediately, effectively wiping away the savings. The promise is therefore considered partially fulfilled.
“‘We are going to keep our promise of the 10 cents; I just wish the federal government would fall in line as well,’ [Premier Doug] Ford said during a press conference on Tuesday when asked whether he was still committed to the 2018 campaign pledge. ‘We are reducing costs and they keep jacking the costs up.’”
“As a leading sub-national jurisdiction, Ontario will participate in the international response to reduce greenhouse gas by establishing a carbon price. A key purpose of this Act is to establish a broad carbon price through a cap and trade program that will change the behaviour of everyone across the Province, including spurring low-carbon innovation. A cap and trade program in Ontario will allow Ontario to link to other regional cap and trade markets as part of the international, national and interprovincial responses to reduce greenhouse gas.”